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[其他] Interesting article about Oil

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发表于 2009-1-13 18:58 | 显示全部楼层 |阅读模式
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5 b" b- c, Q, @) k9 E- uBelow is an Interesting article I found, which says that.....Do not
+ l1 B$ {+ o$ G3 C+ [expect much from Crude Oil producers and future is not with the
3 {8 D) d* y+ ?8 xcompanies producing Jet fuels but Biofuels. Also no wonder if some of ; ?% U* {  T0 G7 h, y; x/ v1 S
these oil producer will go bankrupt or out of the business even if
0 d, ^3 h& J* s; `0 e* Ccrude prices improves. This implies also to good names such as Shell,
( W! X$ ]+ I- E9 D  kEXXON, BG, BP, Cheveron ....xyz.. oils
: W: u5 T# b- k% [6 ~
& Z! _) ^$ O: X1 O) \3 U5 URecently OPEC reduced crude oil production twice over just a few
! ~8 J: p3 h2 n, w$ Amonths. There are three wars going on in Gaza, Iraq and Afghandistan. 6 j! M' m8 c: d6 T
A year ago these things would have spiked the price of crude oil by at / Z0 x9 ]3 u) x9 L
least $50.00 per barrel. Today, oil price declined by a record amount. 3 W. L, i$ N1 F6 X; i, _* G

( t6 ]1 U, t2 ~
/ s$ F) P# _3 j; ]: K& _+ z: `There are several reasons the price of oil is decreasing in the face
0 l# l, f9 d5 ?7 ]- B$ ]3 hof so much news. These reasons are:
4 \8 M& b. ^  d/ t* {$ ~% R8 q" w+ d0 v9 d! K7 e+ z

! m7 j2 M- r+ w" m* [, _1. New oil has been found in Canada, Montana, North & South Dakota and
- E& `9 s. U% M) N7 y% ]in the ocean near Brazil. Each of these oil fields has more oil than 0 ]( b% t+ E( c
Arabia. $ t3 t/ g. y5 J8 w$ Z# }+ S8 m$ f

: D: s) S" v% p  W8 f$ h. R8 |( G  X3 w; {, S( ?5 w6 u
2. New natural gas has been found in Pennsylvania and West Virginia.
6 n$ m4 o7 m0 Q) }$ t% \This is the largest find in North America.
+ u: c( X* Q- M' q9 c+ D- i4 T- y3 k3 |  E$ q' v

; w1 l& P/ J$ m# N& q3. New methods of injecting CO2 and surfactants into oil wells is $ g( Q. y2 [, K, z- {
being used to double their output. 6 u. f/ J% k3 S" R! A
8 O9 x  U$ L+ O  y

; f* S1 M4 a* o, O4. Production of bio-fuels is beginning to reach critical mass. Bio 0 f' @; B+ R8 w9 m6 [2 T
fuel is being produced from many plants and algae. The production
, x. I( y! P5 W. F/ T/ |potential per acre in some cases is astounding. Many countries are + ?7 T9 ]) S. t* V  Y3 O- i
racing to produce bio fuels. 5 a/ ~5 G! N3 K7 h9 b) z! \* J/ I

' f3 k& v+ F# x' ^! {9 W, p4 @7 B8 q4 L% D$ X, ?! M
5. Virtually every restaurant in the US and all food processing plants
; W! p" @( A, W( kare now selling their used oil to bio-diesel producers. Every pork,
/ p) s% F, H. \; l: w2 rcattle, turkey and chicken processing plant will soon sell their fat & p+ _5 e& k" g- k+ |  j% S5 y
to bio-diesel producers. One pork processing plant in Oklahoma is 3 P2 j9 F; a- c# k7 X; E
producing 30,000 gallons of bio-diesel per day from pork fat. 5 ^4 t# T, i& x/ o+ {! d

4 w: e9 L- U$ r) F3 \7 R# J) Q# A- Q9 ?' j+ Q
6. There are 99 nuclear reactors in various stages of planning and
/ c3 w6 \* C. P( @0 F3 Sconstruction around the world at this time. Several hundred more are
" E! V- H" U. c( Sexpected to be built in the future. Much of the energy they produce
' u3 ^: v& f0 ~1 L5 d1 bwill replace oil.
% G% B/ b) ?3 v5 B3 _: _) m8 u8 m0 G8 p8 E8 b5 S2 l  q9 ^

6 B, A8 y$ @  P7 ?7. Every company in any form of transportaion business is replacing
& j! n/ y: Z/ K7 zolder equipment such as trucks, airplanes, train engines, ships, etc.
; Z/ c' q8 V% c2 X3 O0 z- `0 f' C- m/ Awith new more fuel efficient equipment. Airlines and railway companies 2 e" m% V( n; Y4 N  t# P
are experiencing 20% to 25% better fuel econony with the new 7 S  e1 i  ?# s4 _
equipment. 8 Q' q: R: d, W7 s2 Y  I/ X6 k

0 S" }) B) W  Q! C) x
$ [$ i6 B, V# \+ e2 X, i/ ?Airlines are flying airplanes with bio-fuel. They are finding the bio-
# w1 [3 O4 C: |' V# H4 k) lfuel is cleaner and performs better than jet fuel. / ]0 R! W" K$ }" j6 |( z+ k
5 J( g; g2 D; m
+ Q8 s  |* `; v, y
8. Cities and counties throughout the US are selling the rights to   {2 `5 \6 m2 D7 S" F8 i" X/ i
capture methane gas from landfills. This is a huge source of gas & L3 s* P) v) a1 D/ H
available at very little cost or risk. The gas is displacing crude ! m# `9 D* j1 w- B9 Q1 E
oil. ' g- X' Y$ A! h- I9 W- B* Y
  I1 g- l" W' J
& ~. E  J3 U# J& O/ a
9. Coal is being transformed into a clean burning liquid fuel. The CO2
0 v2 O8 G  z* g  V4 tproduced as a byproduct is sold to oil companies for injection into
, u% g. T* `1 y$ h4 Poil wells.
" a" \8 k% J5 T# d2 w9 O; d5 I) F( h. n, }' b2 r7 K

9 R1 Q; B% e9 h7 ^2 _% x, B& n10. Solar, wind and ocean energy is displacing oil as an energy 8 Z1 \/ h9 p) I! i( [+ w9 @# {
source. Three new wind turbines are being erected every day in the US.
, u+ i+ t  x- j/ r1 h' G: T; L3 X/ P  s+ g* W
( D9 P# `+ f* M3 n+ K
Each of the above by itself will not make a large difference in the
0 B9 u8 S2 Q8 H3 q0 o$ g" vprice of crude oil but the sum of all of them together is world   ~2 S" Y1 ]" B
changing. The important thing is that OPEC no longer has the ability / i( z! T$ {/ _! ?4 ?2 l, O2 u0 `( X
to control oil prices. ( K9 H; ~- A3 r2 T" B* ~, u

4 R; R# G+ i. e1 g* z# U3 G' p4 [+ e9 P$ S
With the above scenario, I still believe that there are under ; l3 v+ Z) f1 l/ i
performed OIL companies and probably they are yet to get the justified ' j$ C# L/ q. _  X0 G
value ..... ; H) J- r1 L5 p2 N, N" s" Y
IAE- Ithaca , EPL Energy Partners Ltd, Opti etc ... # T$ {, Z$ G; _; l

! y2 `. h' r3 ^- g3 ]
8 D- r6 E6 W' W, Y1 gThe above articles are from WSJ .............PUBLISHED ON 9TH JAN
) M& m5 w$ d6 F3 |4 q5 ^2009 ... FYI-Only
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